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An analysis of the balance sheet and income statement of Sanchez Company revealed the following: net income. $12, 750; depreciation expense, $32, 600: decrease in

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An analysis of the balance sheet and income statement of Sanchez Company revealed the following: net income. $12, 750; depreciation expense, $32, 600: decrease in accounts receivable, $21.500; increase in inventory, $18, 300; increase in accounts payable, $19, 800; and decrease in interest payable of $1, 200. Compute the net cash flows from operating activities using the indirect method

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